How I Made $6,000 in 7 Days with my Ebook(pedrokroger.net)
pedrokroger.net
How I Made $6,000 in 7 Days with my Ebook
http://pedrokroger.net/how-made-6000-7-days-with-ebook/
10 comments
>Seriously, how did PayPal end up like this?
It ended up like these partly because of being the only really international online payment service -- thus having to abide and keep tabs on hundreds of different legislations and rules.
How do you tell a guy making $10,000 in 7 days from a small scale money laundering attempt?
How do you know he is not selling BS and that in a week or so you wont have a backslash of people demanding their money back from you (the payment service)?
It ended up like these partly because of being the only really international online payment service -- thus having to abide and keep tabs on hundreds of different legislations and rules.
How do you tell a guy making $10,000 in 7 days from a small scale money laundering attempt?
How do you know he is not selling BS and that in a week or so you wont have a backslash of people demanding their money back from you (the payment service)?
I'm no fan of PayPal, but this customer was aware that a sudden onslaught of sales (where before there was none) might set off some sort of alarm with his payment processor. Seems like a legitimate concern for both the processor and a pro-active measure by the customer.
We all know the horror stories of frozen PayPal accounts but I can't say I can blame PP given the scope of what they have to deal with when transferring money and dealing with regulators/government.
We all know the horror stories of frozen PayPal accounts but I can't say I can blame PP given the scope of what they have to deal with when transferring money and dealing with regulators/government.
Informing them in this instance does seem more like the situation where you tell your bank your traveling overseas between X and Y.
It's reasonable to assume a flood of cash would be enough to set off various alarms.
It is a shame you have to be so wary of PayPal, but in this case it did lead them to do what would be the right thing no matter what you were using to cover payment processing.
It's reasonable to assume a flood of cash would be enough to set off various alarms.
It is a shame you have to be so wary of PayPal, but in this case it did lead them to do what would be the right thing no matter what you were using to cover payment processing.
Calling them it's not a big deal, but they could make it clear. If you email their support you'll get these long and vague emails. I've learned my lesson: if I need anything from PayPal I'll call them presto. Once I was accessing PayPal while using a VPN (I was on a public wifi) and they blocked my account. I called them and the matter was solved very efficiently in seconds. But, how on earth would I know that my account would be blocked if I used a VPN?
I don't think anyone would say the way PayPal handles things is the right way, including the clarity of their communications. I just saw the story highlighting that you probably should have a better relationship with your financial institutions in general.
In this case the fear of dealing with PayPal lead the author of the link to do what would have been the right thing no matter who they were dealing with.
In this case the fear of dealing with PayPal lead the author of the link to do what would have been the right thing no matter who they were dealing with.
I don't know how well regulated Paypal is, as you infer, since it is not a bank and does not have to follow bank rules.
Banks and credit card companies seem to get it right with many more regulations, why can't Paypal? If I use my credit card for a spending spree, all it takes is one phone call with Visa to have everything cleared up. Paypal wouldn't have earned their reputation if they were able to provide that level of service.
Banks and credit card companies seem to get it right with many more regulations, why can't Paypal? If I use my credit card for a spending spree, all it takes is one phone call with Visa to have everything cleared up. Paypal wouldn't have earned their reputation if they were able to provide that level of service.
https://www.paypal.com/uk/webapps/mpp/about
PayPal (Europe) S.à r.l. et Cie, S.C.A. is duly licenced as a Luxembourg credit institution
Of course what you say is true.
Let me put it another way: when my CC issuer detects an anomaly, they block the charge and contact me rightaway to resolve it. I don't fear anything because I know they'll do the right thing and keep me in the loop. Why can't PayPal have such a symbiotic relationship with their customers, rather than instilling fear?
Let me put it another way: when my CC issuer detects an anomaly, they block the charge and contact me rightaway to resolve it. I don't fear anything because I know they'll do the right thing and keep me in the loop. Why can't PayPal have such a symbiotic relationship with their customers, rather than instilling fear?
Good question. I guess the only reason I didn't ditch PayPal before was that in the past Gumroad would deposit your money in your PayPal account (i.e. you'd need PayPal anyway). Now that Gumroad deposits directly to your bank account, I'm looking forward to move to a Gumroad-only solution,
To be fair, if you were going to suddenly deposit a ton of money to your bank, or make a ton more money this year than last, you might call up your bank or accountant beforehand. It's perfectly reasonable.
Why would I?
In order to inform them of the fact that an unusual rise in activity and balance is expected and to give legitimacy to it by explaining a reason. This can help prevent some of the automated (or non-automated) fraud detection that can go into place in such situations, ensuring you have access to the contents of that account as quickly as possible.
Great success! I suspect that it was A LOT more than 7 days of effort to put it all together. It was 7 days harvesting a lot of prior effort. (And I hope the harvesting turns into a lot more than $6K!)
just want to say that I've read this book and it's quite good. I've recommended it to people both in the context of an ebook I wrote on a similar topic (music hacks) and in person.
its introduction to reading music is especially good. it describes musical notation as a graph DSL with lots of legacy terminology. a very clear and sensible intro to that subject, and it made me think about it in a new way (as someone already familiar with the topic).
its introduction to reading music is especially good. it describes musical notation as a graph DSL with lots of legacy terminology. a very clear and sensible intro to that subject, and it made me think about it in a new way (as someone already familiar with the topic).
Thanks! What's the link to your ebook?
An interesting topic for a book turns into profit, I am wholly unsurprised. Congrats on your success :)
I've been curious about trying something similar, but I don't want to put my home address in emails to a mailing list. Did you end up using your address or doing something like a PO box?
I've been curious about trying something similar, but I don't want to put my home address in emails to a mailing list. Did you end up using your address or doing something like a PO box?
Hacker News promotion does not seem like a repeatable marketing strategy.
It is a bit of hit and miss, yes. But if the post makes it to the homepage it immediately gets a "HN seal of approval" which carries a lot of weight.
With my book stuff, I've had about a 50% success rate of "making the homepage." If you're offering something interesting, they will click ;)
With my book stuff, I've had about a 50% success rate of "making the homepage." If you're offering something interesting, they will click ;)
Can anyone comment on the conversion rate of PayPal vs Gumroad? Are customers more comfortable with PayPal vs inputting their card directly on Gumroad, or vice versa?
I can't talk to gumroad specifically but I run a shopify store that offers both shopify's built in payment CC processor and paypal as payment options. 56% of people checkout with paypal vs pulling out their credit card.
My guess is if you have a paypal account with your credit card on file it's much easier to just checkout with paypal than manually type in your card info.
My guess is if you have a paypal account with your credit card on file it's much easier to just checkout with paypal than manually type in your card info.
Honestly the posts with the format "How I made this much money in a ridiculously small time-frame with my low-price-product/service" CAN be a bit off-putting to the reader who is not familiar with this kind of posts. I have already read quite a lot of those and still whenever one of them pops up on my news feed I still get the feeling that the writer comes out as a cheater rather than a marketing genius.
I don't follow. How does selling a product to a willing niche count as "cheating"?
$6000/$15 = 400 customers. That's not a gigantic amount.
$6000/$15 = 400 customers. That's not a gigantic amount.
I sometimes get the same feeling, but at the same time, they obviously convert readers. (Otherwise they wouldn't be so common.)
A cheater? What, did he break the rules of the Capitalism Game?
Casting aspersions like this is in very poor taste. You can't even question his actual actions — instead, you just feel like the author is a cheater. This is not reasonable discussion; it's slander, and it is hostile to the purpose of Hacker News.
Casting aspersions like this is in very poor taste. You can't even question his actual actions — instead, you just feel like the author is a cheater. This is not reasonable discussion; it's slander, and it is hostile to the purpose of Hacker News.
There are times that posts on HN really read like blog comment spam (e.g. My mom made $6,000 last week at home).
Well done.
> I was so afraid that PayPal would freeze my account that I called to let them know that I was going to sell a book and that I might have a few sales.
You know something's wrong when your customers are fearing you. Seriously, how did PayPal end up like this?